New for 2022 - Government Backed Financing Now Available.

You may be an exporter and not even have defined yourself as being one. Prospective clients must qualify as an exporter pursuant to the definitions determined by Export Development Canada.

The three categories of qualifying exporters are as follows:

• Direct Exporters - if your business earns revenue [from either goods or services) from a customer based outside of Canada. you are considered a direct exporter and qualify under the program;
• Indirect Exporters - if you are a company that supports the supply chain of a Canadian exporter, or if you are a company who sells to a wholesaler who in turn sells those goods outside of Canada, you are considered an indirect exporter and qualify under the program; (eg. online retailers, transportation companies, oilfield services, loggers, component manufacturers, IT/software service providers, consultants and advisors to exporters, etc.)
• Future Direct Exporters - if your business is taking on its first contract [for goods or services) to a customer outside of Canada, or you have a defined plan to export in the next 12 months, you may qualify as a Future Direct Exporter.

By definition, a supply chain involves a series of steps involved to get a product or service to the customer. Such steps include moving and transforming raw materials into finished products, transporting those finished products, and distributing them to the end-user/customer.

The entities involved in a supply chain include producers, vendors, warehouses, transportation companies, distribution centers, and retailers. Supporting the Supply Chain of an exporter means providing a product or service to another business who in turn exports. For instance, if you sell components to a company that then incorporates those components into a product that is sold outside of Canada, you are supporting their supply chain.

A more narrow example would be the case of a logging company which sells logs to a mill which then exports lumber to one or more international markets. Similarly transportation companies who provide services to a company which then exports product are part of the supply chain.

Rates: 9.95% to 24%

• Processing Time: 3-5 Business Days
• Business must have been incorporated for 12 months
• Annual Minimum Gross Revenue: $100,000
• Maximum Capital Infusion:
  • Working Capital: $250,000
  • Working Capital + Equipment:$1,000,000
• Term: 48 - 60 Months
  • Payments - Working Capital:
    • First 6 months - Interest only (Deducted from Payout)
    • 42 Payments - Interest & Principal
  • Payments - Working Capital + Equipment:
    • Customized or Monthly
• Use of funds is restricted to:
  • Ongoing scheduled business operating expenses, including: rent, scheduled debt servicing payments, general business operating expenses and the purchase of capital assets
  • purchasing inventory
  • working capital
• Shareholder(s)/Owner(s) must have an above average credit score

Oil and gas, Aggregate, Logging, Forestry, Transport and trucking, Manufacturing, Distribution, Import and export, Technology, Wineries and Breweries.